"North American companies have announced plans to eliminate 62,600 positions at home and abroad since Sept. 1, the biggest two-month drop since the start of 2010, according to data compiled by Bloomberg. Firings total 158,100 so far this year, more than the 129,000 job cuts in the same period in 2011."

"North American companies have announced plans to eliminate 62,600 positions at home and abroad since Sept. 1, the biggest two-month drop since the start of 2010, according to data compiled by Bloomberg. Firings total 158,100 so far this year, more than the 129,000 job cuts in the same period in 2011."

ford runs a pretty tight ship. they managed just fine without being involved in obama's saving of the auto industry. the reason why they were able to pull that off is because they obviously don't have a problem being up front about their personnel changes.

if Ford is going through this, GM is going through this......but I can guarantee that GM won't say a thing until after the election.....why? because the obama presidency owns GM.....a massive layoff at GM now would literally pull the plug on obama.

The Bloomberg story, though accurate, "has given birth to a number of stories making readers believe that Chrysler plans to shift all Jeep production to China from North America, and therefore idle assembly lines and U.S. work force. It is a leap that would be difficult even for professional circus acrobats," Chrysler spokesman Gualberto Ranieri said.

"Let's set the record straight: Jeep has no intention of shifting production of its Jeep models out of North America to China. It's simply reviewing the opportunities to return Jeep output to China for the world's largest auto market. U.S. Jeep assembly lines will continue to stay in operation."

The Bloomberg story, however, sparked the confusion in the first paragraph of the story, saying Chrysler planned to return Jeep output to China "and may eventually make all of its models in that country."

ford runs a pretty tight ship. they managed just fine without being involved in obama's saving of the auto industry. the reason why they were able to pull that off is because they obviously don't have a problem being up front about their personnel changes.

if Ford is going through this, GM is going through this......but I can guarantee that GM won't say a thing until after the election.....why? because the obama presidency owns GM.....a massive layoff at GM now would literally pull the plug on obama.

Ford is closing its first European car-assembly factories in 10 years
AMD, the second-largest maker of processors for personal computers, said last week it will cut 15 percent of its staff, or about 1,665 jobs, after forecasting fourth-quarter sales that fell short of analysts' estimates.
Dow Chemical will close 20 plants in the U.S. and abroad to eliminate about 2,400 jobs
DuPont plans to trim 1,500 jobs after third-quarter profit trailed analysts' estimates
Cummins Inc. (CMI), a Columbus, Indiana-based engine maker, said it expects to erase as many as 1,500 jobs by the end of 2012 and lowered its forecasts for sales and profit.
Kimberly-Clark Corp. (KMB) said this week it plans to cut manufacturing and administrative operations as it exits the diaper business in western and central Europe

Obamacare reduced the number of hours part-timers can work, thus increasing the need for more workers.
Seasonal hiring may have been early this year because of Obamacare, skewing the latest job results. Thus part of the recent rise in hiring will likely be revised away
The global slowdown reduces the need for workers
To combat the contraction in earnings corporations are firing workers, thus the recent mass layoff announcements
Companies are also worried about the fiscal cliff and its effect on consumer purchases. The reality is a fiscal cliff is needed and will occur at some point anyway, but no one wants to address the budget now.
Forced Retirement
Disability Fraud

This must mean that the executives have not been doing a good job. I am sure we will see big cuts in their compensation. What's that? Laying off people will ensure that they still get big bonuses?

Sales are up: CEO is a genius, pay him double.
Sales are down: CEO is a genius for cutting payroll, pay him double.

I can't figure out why we aren't as economically competitive as we used to be.

Click to expand...

We're not as economically competitive as we used to be because the cost of doing business here > the cost of doing business elsewhere. CEO pay is certainly a sizable cost, but it's way down on the reasons why list.

ford runs a pretty tight ship. they managed just fine without being involved in obama's saving of the auto industry. the reason why they were able to pull that off is because they obviously don't have a problem being up front about their personnel changes.

if Ford is going through this, GM is going through this......but I can guarantee that GM won't say a thing until after the election.....why? because the obama presidency owns GM.....a massive layoff at GM now would literally pull the plug on obama.

Click to expand...

I honestly can't help but laugh when people cite the auto bailout as a "success". Seriously, how is handing a blank check worth tens of billions of taxpayer dollars to a company to keep it afloat, while giving another away to a foreign auto maker for free, a success? Ford is what a success looks like. A company that was a mess, reorganized, and over some tough lean years righted its ship on its own. GM is a welfare queen deadbeat, smoking a knock off ciggarette, with a dime in it's hand to rub off the next prize on its scratch ticket. The auto bailout is a prime example of what's wrong in society today.

I don't follow. Plants, equipment and payroll are expenses (i.e. they lower the taxable income). How would choices about any of that be impacted by corporate income tax rates?

Click to expand...

Long term, yes a company would plan to move its operations overseas if it felt the business environment were heading in the wrong direction. Be it the cost of labor, the regulatory situations, or the tax code, etc. However, I'm with you here. The idea that the fiscal cliff is propelling companies to pick up and move to China persay, sounds like a lot of nonsense to me. If you have leased or owned property, a trained workforce, supply structure, delivery mechanisms, etc. all in place you're not going to pick up and leave because of some artificial deadline for a fiscal cliff most everyone feels will be dealt with. Not only is it physically impossible to instantly move, it's simply not practical. I think companies are definately holding off on making long term commitments, and decisions, because of the fiscal cliff, and the election. I just think the idea that "oh no the fiscall cliff is Jan 1st so companies are fleeing for China" is a more of a talking point than it is an actuality. In an immediate sense at least.

I think it's completely relevant. I just think it's one component of a more comprehensive fiscal equation. I think companies are, generally speaking, definately in a holding patern as they wait to see both what the election results are, and what the end plan is post fiscal cliff. If I were a larger corporation I'd be on hold. I wouldn't be making any long term commitments if I felt my company would suffer from the effects of Nov 6 & Jan 1. I'd be in a wait and see situation. I think the point B5 was making, to which I agree, is that a company can't just instantaneously up and leave because of the pending "fiscal cliff". That doesn't mean that the end result of the fiscal cliff won't result in some companies eventually leaving.

You miss the point, what Jeep said was misintrepeted by the right wing spin machine...

But keep on believing..

Click to expand...

No, what was stated was misinterpreted by you.

Forbes said:

majority owner of Chrysler Group LLC, plans to return Jeep output to china and may eventually make all of its models in that country, according to the head of both automakersâ€™ operations in the region

Click to expand...

Your link said:

The Bloomberg story, though accurate, "has given birth to a number of stories making readers believe that Chrysler plans to shift all Jeep production to China from North America, and therefore idle assembly lines and U.S. work force.

Click to expand...

Romney said:

"I saw a story today that one of the great manufacturers in this state Jeep â€” now owned by the Italians â€” is thinking of moving all production to China," Romney said at a rally in Defiance, Ohio,

Click to expand...

My link:

In another potential blow for the president's Ohio reelection campaign, Jeep, the rugged brand President Obama once said symbolized American freedom, is considering giving up on the United States and shifting production to China.​

Click to expand...

No where was it said that Jeep WAS moving. I hope Ive cleared that up for you.​